Common use of Guaranty Matters Clause in Contracts

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 5 contracts

Samples: Credit Agreement (Morningstar, Inc.), Credit Agreement (Morningstar, Inc.), Credit Agreement (Morningstar, Inc.)

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Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Subsidiary Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 2 contracts

Samples: Credit Agreement (Amphenol Corp /De/), Credit Agreement (Amphenol Corp /De/)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Boston Beer Co Inc), Credit Agreement (Cavco Industries Inc.)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (Verisign Inc/Ca)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty if (i) such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder or (ii) in connection with a transaction permitted pursuant to Section 7.04.

Appears in 1 contract

Samples: Term Loan Agreement (Retail Opportunity Investments Partnership, LP)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion Agent to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary Guarantee Agreement or any Loan Document as a result of a transaction permitted under the Loan Documentsprovided in Section 9.20.

Appears in 1 contract

Samples: Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Guaranty Matters. (a) Each Without limiting the provisions of Section 9.09, each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Saltchuk Resources, Inc.)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers Issuing Lender irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor (other than the Parent) from its obligations under the Guaranty if such Person ceases to be a Subsidiary of the Parent as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (MSA Safety Inc)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion and provided that no Default exists or would result therefrom, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (Freescale Semiconductor Inc)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement

Guaranty Matters. (a) Each of the Lenders irrevocably authorizes the Administrative Agent and the L/C Issuers irrevocably authorize Administrative Agent hereby agrees for the Administrative Agent, at its option and in its discretion benefit of the Loan Parties to release any Guarantor (other than the REIT Guarantor and the Affiliate REITs) from its obligations under the Guaranty Agreement if such Person ceases is no longer required to be a Subsidiary as a result Guarantor hereunder in accordance with the terms of a transaction permitted under the Loan DocumentsSection 8.8 [Additional Guarantors].

Appears in 1 contract

Samples: Credit Agreement (Aimco Properties L.P.)

Guaranty Matters. (a) Each of the The Lenders and the Domestic L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the any Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (Millipore Corp /Ma)

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Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Assumption Agreement (Minnesota Products Inc)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Subsidiary Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (Amphenol Corp /De/)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Morningstar, Inc.)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion Agent to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Advanced Energy Industries Inc)

Guaranty Matters. (a) Each of the Lenders and the L/C Issuers irrevocably authorize authorizes the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option Agent (a) to enter into any Subsidiary Guaranty (and in its discretion any supplement thereto) and (b) to release any 110 Subsidiary Guarantor from its obligations under the any Subsidiary Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under hereunder. Upon request by the Loan DocumentsAdministrative Agent at any time, the Required Xxxxxxx will confirm in writing the Administrative Agent’s authority provided for in the preceding sentence.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hasbro, Inc.)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

Guaranty Matters. (a) Each of the The Lenders and the L/C Issuers Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion discretion, to release any Guarantor from its obligations under the Guaranty pursuant to Section 6.08 or if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documentshereunder.

Appears in 1 contract

Samples: Credit Agreement (Precision Castparts Corp)

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